The FINANCIAL -- EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), on June 13 welcomed La Française de l’Energie, a key player in local energy production, on its first day of trading in compartment C of the Euronext Paris regulated market.
A French SME specialised in assessing and producing gas resources within France, La Française de l’Energie has been operating in the Lorraine region since 2009. The company’s key expertise is in the recovery of methane from coal deposits in former mining regions. Following certification of proven reserves in the Lorraine basin and Northern France, the company is now focused on the production of this high-quality “made in France” gas. La Française de L’Energie aims to leverage its listing to become a leading player in gas production in France and elsewhere in Europe, particularly Germany and Belgium.
La Française de l’Energie(ticker symbol: LFDE) was listed through the admission to trading on 13 June 2016 of 4,615,509 common shares, including 1,388,889 shares issued as part of a Global Offering, according to Euronext.
The admission and issue price of La Française de l’Energie’s shares was set at €27 per share. Market capitalisation on the day of listing was €125 million, and the total amount raised was €37.5 million.
Julien Moulin, Chairman and CEO of La Française de l’Energie, said:“We are very pleased to have completed our IPO on Euronext Paris and to welcome new investors alongside the historical shareholders who have renewed their trust in our team and its vision. We thank each of them for putting their trust in La Française de l’Energie. This capital raising is a significant step in our development strategy and will enable us to focus on the implementation of supply circuits to link up with our locally produced energy resources.”